Tag: monetary policy
WTF is Christine Lagarde up to? – POLITICO
Deep in the Wyoming wilderness last month, Christine Lagarde, president of the European Central Bank, stood before a large audience of elite central bankers and casually predicted the collapse of the international financial order. Resplendent in red and black, she resembled a humanoid Lindor chocolate truffle — and though her warning was diluted by the usual impenetrable jargon, the subtext was sufficiently clear and dramatic.
“There are plausible scenarios where we could see a fundamental change in the nature of
Bank of England raises key rate to 5.25 percent – POLITICO
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The Bank of England raised its key interest rate by a quarter point on Thursday to the highest since 2008, saying that while inflation has begun to fall and the economy is growing with unemployment low “inflation is still too high”. Six out of nine members of the monetary policy committee voted in favor of the move.
The hike takes the Bank Rate to 5.25 percent and is the
So Rishi Sunak is the UK’s next prime minister. What happens now? – POLITICO
LONDON — It took one bruising campaign defeat and six weeks of exile — but on Tuesday, Rishi Sunak will finally become U.K. prime minister.
He faces the toughest in-tray of any British leader since World War II, entering No. 10 Downing Street as the country hurtles into winter with energy bills, hospital waiting lists, borrowing costs and inflation all soaring.
The challenge has been magnified by Liz Truss’ brief crash-and-burn premiership. As a result of her now-infamous mini-budget, which
Jerome Powell: Climate Activists Need Him as Fed Chair
In recent weeks, the climate movement has become caught in the middle of a fight that seemingly has nothing to do with the environment: Should President Joe Biden renominate Jerome Powell to lead the Federal Reserve?
The choice of who should run the country’s central bank has historically not captivated climate advocates—or many Americans, for that matter—yet it has carved the left into two opposing camps, each claiming to fight for a greener economy.
On one side, a group of